iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI) Shares Down 0% – What’s Next?

iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI) shares fell 0% during trading on Friday . The company traded as low as $27.31 and last traded at $27.31. 256 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 3,134 shares. The stock had previously closed at $27.32.

iShares Inflation Hedged High Yield Bond ETF Price Performance

The company has a 50 day simple moving average of $27.31 and a 200-day simple moving average of $27.31. The stock has a market cap of $5.46 million, a P/E ratio of 10.82 and a beta of -0.70.

Institutional Trading of iShares Inflation Hedged High Yield Bond ETF

An institutional investor recently bought a new position in iShares Inflation Hedged High Yield Bond ETF stock. Royal Bank of Canada bought a new position in shares of iShares Inflation Hedged High Yield Bond ETF (NYSEARCA:HYGI) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 30,915 shares of the company’s stock, valued at approximately $831,000. Royal Bank of Canada owned 15.46% of iShares Inflation Hedged High Yield Bond ETF as of its most recent SEC filing.

iShares Inflation Hedged High Yield Bond ETF Company Profile

The iShares Inflation Hedged High Yield Bond ETF (HYGI) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks an index that holds the iShares iBoxx USD High Yield Corporate Bond ETF (HYG), which targets USD-denominated, high-yield corporate bonds, while mitigating inflation risk through swaps. HYGI was launched on Jun 22, 2022 and is managed by BlackRock.